People are uninstalling and boycotting Chinese apps, gadgets etc but on other side STEC bags Rs 1,126 crore civil contract package 4 of Delhi-Meerut RRTS line.
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Government doesn’t want to pay extra 43 crore to an Indian company.
The second highest bidder was an Indian company L&T.
Quanlity/reputation kaisa bhi ho, contract low bidding wale ko milta hai.
@Mirror what’s your opinion on this? People deserve to know the truth
Here’s the truth. Don’t think any country’s PM will put the blame on their own soldiers like our PM
L&T is definitely an Indian Company. I dont understand someone saying “few headquarters” . For any company Headquarters is only ONE. L&T group company’s headquarters is in India.
51% shares is ownwd by LIC which is again Indian Company. Rest of the shares are owned by employees.
AM Naik is the Chairman. Who is Indian. SN Subharmanyan is MD &CEO who is again Indian. Rest of the Board of Directors are also Indian.
I have a major doubt bro u ever worked with L&T. U dont even know the basics about it
L&T is an Indian MNC company. A company like TATA indians are proud of.
It is an Indian company.
https://en.wikipedia.org/wiki/Larsen_%26_...ro
Headquarters: L&T House, Ballard Estate, Mumbai, Maharashtra, India
An MoHUA official said the construction of the 5.6 km tunnel was an ADB-funded project – the bids were invited in November 2019 and opened on March 16, 2020 – and STEC emerged as the lowest bidder on June 12; he said that while the tender was “under process” and “yet to be finalised”, “ADB/World Bank/Multi-lateral procurement guidelines do not allow discrimination among firms/ countries”.
https://www.financialexpress.com/infrastructure...
Government doesn’t want to pay extra 43 crore to an Indian company.
The second highest bidder was an Indian company L&T.
Quanlity/reputation kaisa bhi ho, contract low bidding wale ko milta hai.
wrong.
Contract goes to those offering highest commissions.